Cloud Orchestration Market Overview:

Cloud Orchestration Market is a complete solution package offered by cloud solution providers, to host, manage, and maintain business process setup with cloud computing solutions, such as dashboard composing, structure allotment, platform architecting, and others, to all user types including large and small & medium enterprises.

Growth in cloud adoption among enterprises and extensive need to optimize business processes have contributed to the growth of the cloud orchestration in the North America, Europe, and Asia-Pacific. In addition, LAMEA is expected to hold least market share in cloud orchestration as compared to other regions. Middle East and Africa are expected to gain traction, but the growth is expected to be stable during the forecast period.

Global Cloud Orchestration Market Segmentation

The global cloud orchestration market is segmented on basis of solution, deployment model, user type, industry vertical, and geography. Based on solution, it is classified into configuration, managed support, portable service, and others (monitoring & security). By deployment model, it is categorized into private, public, and hybrid models. On basis of user type, it is bifurcated into small medium enterprises (SMEs) and large enterprises. By industry vertical, it is divided into banking, financial services, and insurance (BFSI); government & education; healthcare; telecom & IT; retail; manufacturing; media & entertainment; and others (business service providers, energy & utility, and transportation). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, including country-level analysis for each region.

The global cloud orchestration market was valued at $3,496 million in 2016, and is estimated to reach at $13,633 million by 2023, growing at a CAGR of 21.8% from 2017 to 2023. The global cloud orchestration market is expected to witness a high growth rate, due to the rise in ICT expenditure by governments in several developed and the developing regions, including North America, Europe, and Asia-Pacific.

Asia-Pacific is expected to register highest CAGR in the near future and countries, such as China, Japan, and South Korea, are emerging region for the vendors in the cloud orchestration market. Industry participants have realized the importance of strengthening the overall orchestration process to schedule, execute, and automate task frame works.

Small and medium enterprises are adopting cloud orchestration solution at a rapid pace due to growth in demand for efficient process optimizers and long-term need of low-cost business framework monitoring, which is anticipated to drive the cloud orchestration market growth.

Low switching cost between private and public cloud models stimulates the demand for hybrid cloud model across several user types, which is anticipated to fuel the cloud orchestration market growth in the coming years.

Lack of it Infrastructure in the Underdeveloped Nations

Countries in Asia-Pacific, Latin America, Middle East, and Africa are yet to transform to technologically advanced hubs with rich IT infrastructure and digital content, which is expected to hinder the cloud orchestration market growth in the near future.

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Cloud orchestration supports continuous process deployment, architecture transformation, process lifecycle management, and others to augment business process setup for the end users. The cloud orchestration vendors offer significant potential to upgrade and automate business processes for several enterprises, including SMEs and large enterprises, in local and international markets. Cloud computing has emerged as a top trend in several industry verticals such as banking and financial sector, public sectors, healthcare, manufacturing, telecommunication & IT, business service provider, and others. Configuration updates, component support, stack portability, managed support, and other operational needs are carried out through cloud orchestration, which are anticipated to create potential space for global cloud orchestration market.

The global cloud orchestration market is expected to reach $13,633 million by 2023, owing to high internet penetration, significant shift to hybrid cloud as primary deployment model, and growth in demand for low-cost IT process optimization. In addition, growth in alliances and collaborations among various key vendors and enterprises, especially in the developing countries, is anticipated to fuel the market growth. However, security concerns over private cloud deployment are expected to hinder the cloud orchestration market growth.

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